EU strikes climate funding deal

[pampango]

Source: BBC

The EU has agreed a conditional deal on how much it will pay to help other countries fight global warming, ahead of a key climate summit in December.

"We were aware that if the European Union did not come together to solve some of the impasses, the possibility of a deal at the Copenhagen summit would be a lot less likely."

Mr Brown also announced a "fast track" scheme to reduce carbon emissions. This would come in soon after the Copenhagen summit and would cost 5bn to 7bn euros immediately, to come from all richer countries.

He insisted that all these funding targets would be conditional on other richer countries making funding offers and on developing countries showing how they would spend the money.

Read more: http://news.bbc.co.uk/2/hi/europe/8334146.stm

[BelgianMadCow]

1. that's great news

it was reported here as being very hard to reach, this deal. Two things were at the heart of the debate - how the effort should be divided between eastern and western urope, and how to avoid committing too much without clarity about the efforts other major polluters.

hoping for a real deal in Copenhagen
bmc

[Vidar]

2. Excellent news!